Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled

Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled

Caesars currently holds over $24 billion in debt.

Caesars Interactive Entertainment (CIE), as part of Caesars Growth Partners (CGP), has been lauded as being a spot that is bright the Caesars brand. At the same time as soon as the business is working with tremendous debt and lawsuits with bondholders, CGP is overseeing online operations and other areas of growth as part of the strategy to reorganize Caesars and make the organization’s finances sustainable for the long haul. It’s a bit early to state if that’s going to get results, but one this will be clear: CIE is unquestionably holding up their section of the bargain.

Into the half that is first of, CIE brought in $268.8 million, an increase of nearly 90 % throughout the $142.1 million they introduced last year. The increase was slightly more dramatic into the quarter that is second, with web revenues up more than 95 percent to $144.6 million.

Positive Cash Flow for CIE

At the moment, CIE is still posting losses for the year. The company is down $16 million for 2014, though that is still a noticable difference over the $27.1 million they lost into the very first 1 / 2 of 2013. But with 20.5 million in profits in the second quarter, it’s quite feasible that the company could be in the black colored by the end of the year.

‘With the Interactive Entertainment segment generating positive income, we stay confident that our strategy to build up brand n (more…)

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